Applied Statistics in Business and Economics
5th Edition
ISBN: 9780077837303
Author: David Doane, Lori Seward Senior Instructor of Operations Management
Publisher: McGraw-Hill Education
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Textbook Question
Chapter 2, Problem 72CE
You can test Excel’s algorithm for selecting random integers with a simple experiment. Enter =RANDBETWEEN(1,2) into cell A1 and then copy it to cells A1:E20. This creates a data block of 100 cells containing either a one or a two. In cell G1 type =COUNTIF(A1:E20,“=1”) and in cell G2 type =COUNTIF(A1:E20,“=2”). Highlight cells G1 and G2 and create a column chart. Click on the vertical axis scale and set the lower limit to 0 and upper limit to 100. Then hold down the F9 key and observe the chart. Are you convinced that, on average, you are getting about 50 ones and 50 twos? Ambitious Students: Generalize this experiment to integers 1 through 5.
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Chapter 2 Solutions
Applied Statistics in Business and Economics
Ch. 2.1 - What type of data (categorical, discrete...Ch. 2.1 - What type of data (categorical, discrete...Ch. 2.1 - What type of data (categorical, discrete...Ch. 2.1 - (a) Give three original examples of discrete data,...Ch. 2.1 - Which type of data (cross-sectional or time...Ch. 2.1 - Which type of data (cross-sectional or time...Ch. 2.1 - Prob. 7SECh. 2.1 - Give an original example of a time series variable...Ch. 2.2 - Which measurement level (nominal, ordinal,...Ch. 2.2 - Which measurement level (nominal, ordinal,...
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